KB Home: SEC to conduct stock-option grant inquiry

AnaCampoy

SAN FRANCISCO (MarketWatch) -- KB Home
KBH, +0.77%
late Thursday said it has been notified by the Securities and Exchange Commission that the agency will conduct an informal inquiry into the company's stock-option grants. The Los Angeles-based homebuilder said it plans to fully cooperate with the SEC. Yesterday, KB Home said it is reviewing stock-option grants given to Chief Executive Bruce Karatz.

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